Property Summary: 604 Kylemore Avenue, Lord Roberts, Winnipeg

Section 1: Overview & Appeal

This property is a compact, early 20th-century home in the established Lord Roberts neighbourhood. Its key characteristic is its modest scale, with a living area of 590 sqft that places it among the smallest homes on its street and within the wider city. The lot size of 2,207 sqft is fairly typical for the immediate area. Built in 1910, it is notably older than most Winnipeg homes.

The primary appeal lies in its position as an accessible entry point into a mature, central neighbourhood. With a relatively low assessed value, it represents a potential opportunity for a first-time buyer, an investor, or someone seeking a minimalist footprint without the premium of a larger, renovated character home. Its value is fundamentally in the land and location rather than the size or condition of the existing structure. This property would best suit a practical buyer who views it as a foundation—whether for building equity, undertaking a tailored renovation to maximize the small space, or as a long-term hold in a desirable area. It’s less suited for those requiring immediate move-in readiness or ample indoor space.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics: a very small, older home on a standard city lot. City-wide averages are skewed by newer, larger homes and different neighbourhood markets. Here, the value is more aligned with local comparables.

2. What does the "Top 99%" ranking for living area mean?
This statistic indicates that 99% of homes in Winnipeg are larger. It clearly highlights that this is one of the smallest properties by living space in the entire city, which is a critical factor to consider for your lifestyle needs.

3. Is this a candidate for a major expansion or rebuild?
Given the home's age, modest size, and the standard lot, it is a logical candidate for a significant renovation or a full rebuild, subject to local zoning and heritage considerations. The value is largely in the land.

4. How reliable are the sold price ranges shown?
The provided ranges are based on available public data. For precise historical sale figures, you must request the exact sold price history via the email service described, as this information is not fully disclosed in public records.

5. The nearby comparable properties seem quite different. Why?
The listed comparables, such as those on Rathgar Avenue, are grouped primarily by similar assessed value or neighbourhood, not by home size or type. They illustrate what other properties in the general area are valued at, but 604 Kylemore's significantly smaller living area sets it apart.